Deepak Fertilisers and Petrochemicals Corporation has responded to a query from the BSE regarding a significant increase in the trading volume of its shares across exchanges. The company confirmed its compliance with SEBI regulations and stated that all relevant announcements have been duly disclosed.
The BSE had observed a notable rise in the volume of Deepak Fertilisers‘ securities and sought clarification from the company. In response, Deepak Fertilisers assured that it has consistently adhered to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasised that there are no pending announcements or undisclosed information that could influence the price or volume behaviour of its shares.
Deepak Fertilisers attributed the volume movement to market dynamics, indicating that it does not have any specific comments on the matter. The company reiterated its commitment to transparency and timely disclosure of all pertinent information to the exchanges.
The BSE’s inquiry was part of its routine surveillance to ensure that investors have access to the latest and most relevant information about listed companies. Deepak Fertilisers’ response was submitted within the stipulated timeframe, as requested by the BSE.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).